Top 25 Insurance Companies’ Ratings

 


Ranking

Company Name

Total Admitted Assets 2012
(Billions)

A.M. Best

S&P

Moody's

 1.
MetLife
562.2
A+
AA-
Aa3
 2.
Prudential
491.0
A+
AA-
A1
 3.
John Hancock (Manulife)
252.2
A+
AA-
A1
 4.
American General (AIG)
247.1
A
A+
A2
 5.
Teachers (TIAA)
242.3
A++
AA+
Aaa
 6.
New York Life
238.0
A++
AA+
Aaa
 7.
Hartford
213.6
A-
BBB+
Baa2
 8.
Northwestern Mutual
202.6
A++
AA+
Aaa
  9. 
Lincoln
192.2
A+
AA-
A1
 10.
ING
187.7
A
A-
A3
 11.
Transamerica (AEGON)
184.5
A+
AA-
A1
 12.
Massachusetts Mutual
167.6
A++
AA+
Aa2
 13.
AXA
159.2
A+
A+
Aa3
 14.
Jackson National
143.3
A+
AA
A1
 15.
Principal
130.1 A+ A+
 A1
 16.
AFLAC
116.1
A+
AA-
Aa2
 17.
Nationwide
112.9
A+
A+
A1
 18.
Pacific Life
105.8
A+
A+
A1
 19.
RiverSource
102.2
A+
AA-
Aa3
 20.
Allianz
96.5
A
AA
A2
21
Thrivent Financial
71.7
A+
N/A
N/A
 22.
Genworth
68.9
A
A-
A3
 23.
Sun Life
63.3
A- BBB Baa2
 24.
Allstate 
621.7
A+
A+ 
A1 
 25.
State Farm
59.1
 A++
 AA
 Aa1

  Source: ACLI tabulations of NAIC data as of December 31, 2012.
Ratings are current as of June 2014, per the company websites and other public information.

Ratings Scale

A++, A+      Superior
A, A-  Excellent
B++, B+   Good
B, B-  Fair
C++, C+  Marginal
C, C-  Weak
D Poor
E Under Regulatory Supervision
F In Liquidation
S Rating Suspended
 

AAA
best quality companies, reliable and stable
AA
quality companies, a big higher risk than AAA
A
economic situation can affect finance
BBB
medium class companies, which are satisfactory at the moment
BB
more prone to changes in the economy
B
financial situation varies noticeably
CCC
currently vulnerable and dependent on favorable economic conditions to meet its commitments
CC
highly vulnerable, perhaps in bankruptcy or in arrears but still continuing to pay out on obligations
CI
past due on interest
R
under regulatory supervision due to its financial situation
SD
has selectively defaulted on some obligations
D
has defaulted on obligations and S&P believes that it will generally default on most or all obligations
NR
not rated

Aaa
Exceptional security. Unlikely to be affected by change.
Aa
Excellent security. Lower than Aaa because long-term risks appear some what larger.
A
Good Security. Possibly susceptible to future impairment.
Baa
Adequate security. Certain protective to future impairment.
Ba
Questionable security. Ability to meet obligations may be moderate.
B
Poor security. Assurance of punctual payment of obligations is small over the long run.
Caa
Very poor security. There may be elements of danger regarding the payment of obligations.
Ca
Extremely poor security. Companies are often in default.
C
Lowest security. Extremely poor prospects of offering financial security

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